John W. Peterson said "last year in the President's proposed budget, he proposed saving all surpluses in the future for social security. Then he went on in his proposal and had enough new spending to eliminate all surpluses. The President cannot have it both ways. This year he is proposing 62 percent of future surpluses for social security, and everybody is applauding that; 15 percent of surpluses to save Medicare, and many are applauding that. Then he went on with a spending plan that would take 75 to 80 percent of proposed surpluses and spend them. When we add that up, that is 150 to 160 percent. The President cannot have it both ways. If he is serious about saving social security and Medicare, he cannot have all of these new spending programs that will eliminate all surpluses that will allow us to fix social security and Medicare." @ PoliticalQuotes.com

On the recordFebruary 3, 1999

last year in the President's proposed budget, he proposed saving all surpluses in the future for social security. Then he went on in his proposal and had enough new spending to eliminate all surpluses. The President cannot have it both ways. This year he is proposing 62 percent of future surpluses for social security, and everybody is applauding that; 15 percent of surpluses to save Medicare, and many are applauding that. Then he went on with a spending plan that would take 75 to 80 percent of proposed surpluses and spend them. When we add that up, that is 150 to 160 percent. The President cannot have it both ways. If he is serious about saving social security and Medicare, he cannot have all of these new spending programs that will eliminate all surpluses that will allow us to fix social security and Medicare.

Said by

John W. Peterson

Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing the President's budget proposal and its impact on social security and Medicare.

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